Business Value from Visualisation Technologies
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Visualization technologies are common in industry. But recently, these technologies have found their applications in Petroleum (Oil and Gas) industry. The Oil and Gas industry constantly strives to increase production and reduce costs. The operational sites and areas are usually quite harsh and extreme environments. The number of skilled workers significantly reduced in industry both due to recent oil price plunge as well as natural ageing of the specialists. In addition, most of the current major capitals currently run considerable number of old assets, which are quite costly to operate and maintain, comparing to modern assets. That said, the industry applies a lot of efforts and resources in order to find new ways to improve operations routines, both methodologically and technologically and according to historical asset data as well as to modern trends. In current research, in order to find a solution, I decided to elaborate on a topic of Visualization Technologies. Literature review, documentary analysis, media sources overview, industry worker’s interviews and, where possible, practical experience with Visualisation related software products were utilized to form up the basis of the research methodology. The research revealed that some of current asset operation routines or tasks lack complete, discoverable, unambiguous, up-to-date data as well as relevant context, information structure is usually not optimal and its presentation is not intuitive. Also, there are just a few tools and applications supporting shared and inter-discipline collaboration and decision making. That significantly increases operations complexity and thus leads to non-optimal productivity, indecent decisions, inferior situation awareness and higher costs. Visualisation Technologies here may assist in finding optimal ways or solutions for the aforementioned challenges. Increased demand for oil and gas influences companies to develop Digital Platform, but Visualisation Technologies has moved this development to a new level. Visualisation Technologies facilitate meaningful modernization of the industry, as well as increase of the business value.
Master's thesis in Offshore Technology: Industrial Asset Management